Chi-X founder Randall sets up superfast blockchain firm

Peter Randall and ex-hedge fund manager Anthony Culligan are setting up SETL, a firm that aims to provide a new settlement infrastructure

By

Anna Irrera

July 27, 2015 Updated: 7:17 p.m. GMT

One of the founders of European trading venue Chi-X has developed blockchain technology that works almost 1,000 times faster than the type that supports bitcoin, in a bid to transform the settlement of securities trading.

Peter Randall and former hedge fund manager Anthony Culligan are setting up SETL, a firm to provide a new settlement infrastructure.